(Instyle.com) -- While we're plenty excited to find out if James Cameron's CGI blockbuster "Avatar" will edge out official tearjerker-of-the-year selection "Precious" for Best Drama at this Sunday's Golden Globe Awards, we're saving our real zeal for the stunning dresses that will grace the show's red carpet, marking the official kickoff to awards show season.
Here are the celebs we are dying to see and why.
It's been far too long since we've seen Julia Roberts's megawatt smile on the red carpet, and we're eagerly anticipating her return to the style spotlight at the Globes.
The actress, nominated for her role in "Duplicity," tends to favor classic gowns from her good friend Giorgio Armani and simple neutrals like black, but we'd love to see her update that formula this year with a fuller, strapless style in a rich shade of emerald.
The shape would exemplify the star's easy bohemian glam; the color would set off the actress's trademark mane.
Double nominee Sandra Bullock could have a very big night this year, and happily "The Blide Side" and "The Proposal" star favors high-drama silhouettes. We loved the feminine ruffles on the Dior she wore last year. A form-fitting bodice paired with a big, ethereal layered skirt in deep purple would work well for a walk -- or two -- to the podium.
Penelope Cruz, nominated for her sultry turn in the musical "Nine," has mastered the art of Old Hollywood glamour, and we can't wait to see her most updated take on the stunning gown/simple hair/vintage jewels formula.
She's already perfected classic neutrals like nude and black, so we want to see her step out in saturated cobalt blue.
Julianne Moore, who earned a Globe nomination for her recent work in Tom Ford's "A Single Man," wore a stunning emerald dress by the designer-turned-director to the film's premiere.
She embraces color, and we'd love to see her highlight her alabaster skin and scarlet mane in something unexpected, like a bright metallic copper.
"Grey Gardens" star Drew Barrymore is one of our favorite change-up artists, moving from girly frocks to edgy, fashion-forward ensembles overnight.
She's done everything from avant-garde Alexander McQueen to retro-inspired Pucci this year, so the Globes could be the perfect opportunity for her to show us something new in the form of a clingy, bias-cut slip dress.
Versace lover and "Mad Men" star January Jones has an uncanny ability to make us forget Betty Draper's prim and pretty '50s housewife style on the red carpet. Past choices have been sleek and futuristic, and we'd love to see her in a body-conscious gown with strategically placed cutouts for maximum impact.
Carey Mulligan has not only earned major buzz (and a Globes nod) for her role in "An Education," she's also won the hearts of fashion insiders by choosing cutting-edge labels like Thakoon and channeling old school icons like Katharine Hepburn.
With her sassy cropped 'do and sense of sartorial adventure, we think she can pull off punky details in a goth-inspired gown.
"Glee" star Lea Michele is making her red carpet debut on Sunday night, and it's the perfect time to leave the short and sweet cocktail dresses she favors behind and go for her first true evening gown. A fun, asymmetrical hem that shows off her legs would be perfect.
So what will Hollywood's hottest stars wear on the Globes red carpet this Sunday? Check out all of our red carpet predictions now at Instyle.com and join us for live red carpet coverage on Sunday night, beginning at 6:45 pm EST to find out.
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